Weak execution capacity creates corruption even out of good policies
FE REPORTThe policies, rules and laws formulated through replicating the best practices create the scope of corruption in developing countries due to weak implementation capacity of institutions, an economist said hereon Thursday.Good laws and rules set higher standards of economic activities which become unachievable for the implementation agencies, thus creating...
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Crude falls amid dollar strength
Crude oil prices fell for a second straight session on Friday as the U.S. dollar soared on the prospect of interest rate hikes in the United States, but they were on track to finish the week little changed and only slightly off multi-year highs, reports Reuters.Brent crude futures were down...
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Gold regains some ground
Gold prices rose 1.0 per cent on Friday as a pause in the dollar's rally helped bullion claw back some ground from a sharp slide in the previous sessions driven by the US Federal Reserve bank's hawkish tilt, which put it on course for its worst week in nearly nine...
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Chinese ship loaded with bitumen seized at Ctg port
OUR CORRESPONDENTCHATTOGRAM, June 18: The Mercantile Marine Office at Chittagong Sea Port seized a ship loaded with bitumen at port on Thursday for chemical test on the imported goods as per directive of a local court.Sources said, the Chinese vessel - Goang Jhu One, loaded with 11,220 metric tonnes (MT)...
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US refiners amass over $1.0b biofuel liability
Merchant refiners in the United States have amassed up to a $1.6 billion shortfall in the credits they will need to comply with US biofuel laws, according to a Reuters review of corporate disclosures, an apparent bet that the Biden administration could let them off the hook or that credit...
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